&PARTNERS Buys 28,620 Shares of McDonald’s Corporation $MCD

&PARTNERS grew its stake in shares of McDonald’s Corporation (NYSE:MCD) by 10.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 301,098 shares of the fast-food giant’s stock after acquiring an additional 28,620 shares during the period. &PARTNERS’s holdings in McDonald’s were worth $92,032,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Siemens Fonds Invest GmbH raised its stake in McDonald’s by 3.7% in the fourth quarter. Siemens Fonds Invest GmbH now owns 29,000 shares of the fast-food giant’s stock worth $8,933,000 after buying an additional 1,036 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in McDonald’s in the fourth quarter worth approximately $11,514,000. Graham Capital Management L.P. raised its stake in McDonald’s by 249.4% in the fourth quarter. Graham Capital Management L.P. now owns 68,737 shares of the fast-food giant’s stock worth $21,008,000 after buying an additional 49,066 shares in the last quarter. Night Squared LP raised its stake in McDonald’s by 28.7% in the fourth quarter. Night Squared LP now owns 12,833 shares of the fast-food giant’s stock worth $3,922,000 after buying an additional 2,864 shares in the last quarter. Finally, Howe & Rusling Inc. raised its stake in McDonald’s by 15.3% in the fourth quarter. Howe & Rusling Inc. now owns 47,775 shares of the fast-food giant’s stock worth $14,602,000 after buying an additional 6,339 shares in the last quarter. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Desiree Ralls-Morrison sold 2,763 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $278.36, for a total transaction of $769,108.68. Following the sale, the executive vice president directly owned 6,268 shares of the company’s stock, valued at $1,744,760.48. The trade was a 30.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Joseph M. Erlinger sold 5,252 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $284.32, for a total transaction of $1,493,248.64. Following the sale, the insider directly owned 7,734 shares in the company, valued at $2,198,930.88. This trade represents a 40.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,307 shares of company stock worth $3,262,622 over the last three months. Corporate insiders own 0.26% of the company’s stock.

McDonald’s Price Performance

Shares of MCD opened at $287.99 on Wednesday. The firm has a market capitalization of $204.62 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 2.85 and a beta of 0.41. McDonald’s Corporation has a 1-year low of $271.85 and a 1-year high of $341.75. The company’s fifty day moving average price is $288.58 and its 200-day moving average price is $306.42.

McDonald’s (NYSE:MCD) last announced its quarterly earnings data on Thursday, May 7th. The fast-food giant reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.09. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.47 billion. McDonald’s had a net margin of 31.62% and a negative return on equity of 442.10%. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.67 earnings per share. As a group, research analysts anticipate that McDonald’s Corporation will post 12.93 EPS for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were issued a dividend of $1.86 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $7.44 dividend on an annualized basis and a dividend yield of 2.6%. McDonald’s’s payout ratio is 61.34%.

Wall Street Analyst Weigh In

Several research firms have issued reports on MCD. TD Cowen reaffirmed a “hold” rating on shares of McDonald’s in a report on Friday. Robert W. Baird set a $305.00 price target on shares of McDonald’s in a report on Thursday, May 7th. Erste Group Bank lowered shares of McDonald’s from a “buy” rating to a “hold” rating in a report on Monday, April 27th. Evercore set a $350.00 price target on shares of McDonald’s in a report on Friday, May 8th. Finally, Tigress Financial lifted their price target on shares of McDonald’s from $360.00 to $385.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Sixteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $336.26.

McDonald’s News Summary

Here are the key news stories impacting McDonald’s this week:

• Positive Sentiment: McDonald’s is bringing back its fried apple pie for America’s 250th birthday, a nostalgic limited-time item that could help drive traffic and sales while generating a lot of consumer buzz. AP News – McDonald’s is serving fried apple pie again for America’s 250th birthday
• Positive Sentiment: The company is also being highlighted for bringing back other fan-favorite menu items after decades away, reinforcing the view that McDonald’s is using nostalgia-based offerings to support customer engagement. Article – McDonald’s Is Bringing Back a Highly Requested Menu Item for the First Time in Over 30 Years
• Positive Sentiment: McDonald’s is testing expanded beverage options, including custom sodas, refreshers and Red Bull-based drinks, which could open a new source of incremental sales and improve ticket size. Yahoo Finance – McDonald’s 70-Year Coke Alliance Enters New Beverage Test
• Neutral Sentiment: Several stories focus on McDonald’s brand strength, including celebrity mentions and “coolest locations” lists, which are good for visibility but likely have limited direct impact on earnings. Article – Tina Fey Loves This McDonald’s Menu Item So Much, She Walked Down the Highway in Italy To Order It
• Neutral Sentiment: The company is also making operational changes, including rebuilding a classic Gahanna location with a modern look and altering drive-thru features, but these are more incremental than transformative. AOL – McDonald’s to demolish classic Gahanna location and rebuild it with modern look
• Negative Sentiment: One article about a possible $1 drive-thru fee and another criticizing the chain’s ice cream machine reliability could add to customer frustration and pressure sentiment, even if the financial impact is unclear. Article – Is McDonald’s adding a $1 fee to drive-thru orders? Customers want answers
• Negative Sentiment: Coverage that McCrispy Strips are being revamped after customer criticism suggests McDonald’s is responding to product complaints, which may weigh slightly on sentiment around menu execution. AOL – McDonald’s to Revamp McCrispy Strips After Customer Criticism

McDonald’s Profile

McDonald’s Corporation (NYSE: MCD) is a global quick-service restaurant company best known for its hamburgers, French fries and breakfast offerings. The company develops, operates and franchises a system of restaurants that sell a range of food and beverage items, including signature products such as the Big Mac, Quarter Pounder, Chicken McNuggets, McCafé coffee beverages and a variety of salads, desserts and seasonal menu items. McDonald’s serves customers through company-operated restaurants and franchised locations, and it supports sales via dine-in, drive-thru, digital ordering platforms and third-party delivery partnerships.

Founded in 1940 by brothers Richard and Maurice McDonald as a single San Bernardino, California restaurant, the business was transformed into a franchising model after Ray Kroc joined in the mid-1950s and led the brand’s national and international expansion.